UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. )
CLECO CORPORATION
(Name of Issuer)
COMMON STOCK, PAR VALUE $1.00 PER SHARE
(Title of Class of Securities)
12561W105
(Cusip Number)
JANUARY 31, 2004
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[x] Rule 13d-1(b)
[_] Rule 13d-(c)
[_] Rule 13d-1(d)
The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 or otherwise subject to the liabilities of that section of the Act but
shall be subject to all other provisions of the Act (however,see the Notes).
CUSIP NO. 12561W105 13G PAGE 2 OF 6 PAGES
1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
The Bear Stearns Companies Inc.
IRS# 13-3286161
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See instructions)
(a) [_]
(b) [x]
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3. SEC USE ONLY
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4. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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NUMBER OF 5. SOLE VOTING POWER
SHARES 6,758,755
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BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY 0
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EACH 7. SOLE DISPOSITIVE POWER
REPORTING 6,758,755
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PERSON 8. SHARED DISPOSITIVE POWER
WITH 0
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
6,758,755
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10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [_]
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11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
14.3%
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12. TYPE OF REPORTING PERSON*
HC
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2
CUSIP NO. 12561W105 13G PAGE 3 OF 6 PAGES
1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Bear, Stearns & Co. Inc.
IRS# 13-3299429
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See instructions)
(a) [_]
(b) [x]
--------------------------------------------------------------------------------
3. SEC USE ONLY
--------------------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
NUMBER OF 5. SOLE VOTING POWER
SHARES 6,758,755
-----------------------------------------------------------------
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY 0
-----------------------------------------------------------------
EACH 7. SOLE DISPOSITIVE POWER
REPORTING 6,758,755
-----------------------------------------------------------------
PERSON 8. SHARED DISPOSITIVE POWER
WITH 0
--------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
6,758,755
--------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [_]
--------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
14.3%
--------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON*
BD
--------------------------------------------------------------------------------
3
CUSIP NO. 12561W105 13G PAGE 4 OF 6 PAGES
Item 1(a). Name of Issuer is Cleco Corporation (the "Issuer").
Item 1(b). The principal executive office of the Issuer is located at 2030
Donahue Ferry Road, Pineville, LA 71360-5226
Item 2(a). The names of persons filing this statement are The Bear Stearns
Companies Inc. and Bear, Stearns & Co. Inc.
(the "Filers").
Item 2(b). The principal business office of the Filers is located at 383 Madison
Avenue, New York, New York 10167.
Item 2(c). The Filers are incorporated in Delaware.
Item 2(d). This statement relates to shares of common stock, $1.00 par value per
share, of the Issuer.
Item 2(e). The CUSIP number of the securities is 12561W105.
Item 3. If this statement is filed pursuant to ss.ss. 240.13d-1(b) or
240.13d-2(b) or (c), check whether the person filing is a:
(a) [X] Broker or dealer registered under Section 15 of
the Act (15 U.S.C.78o). (Bear, Stearns & Co.
Inc.)
(b) [_] Bank as defined in Section 3(a)(6) of the Act
(15 U.S.C. 78c).
(c) [_] Insurance company as defined in Section
3(a)(19) of the Act (15 U.S.C. 78c).
(d) [_] Investment company registered under Section 8
of the Investment Company Act of 1940 (15
U.S.C. 80a-8).
(e) [_] An investment adviser in accordance with ss.
240.13d-1(b)(1)(ii)(E);
(f) [_] An employee benefit plan or endowment fund in
accordance with ss. 240.13d-1(b)(1)(ii)(F);
(g) [X] A parent holding company or control person in
accordance with ss. 240.13d-1(b)(1)(ii)(G) (
The Bear Stearns Companies Inc.);
(h) [_] A savings association as defined in Section
3(b) of the Federal Deposit Insurance Act (12
U.S.C. 1813);
(i) [_] A church plan that is excluded from the
definition of an investment company under
Section 3(c)(14) of the Investment Company Act
of 1940 (15 U.S.C. 80a-3);
(j) [_] Group, in accordance with ss.
240.13d-1(b)(1)(ii)(J).
If this statement is filed pursuant to ss.240.13d-1(c), check this box. [_]
4
CUSIP NO. 12561W105 13G PAGE 5 OF 6 PAGES
Item 4. Ownership.
As of January 31, 2004:
(a) 6,758,755
(b) 14.3%
(c)(i) 6,758,755
(ii) 0
(iii) 6,758,755
(iv) 0
Item 5. Ownership of Five Percent or Less of a Class.
Not Applicable.
Item 6. Ownership of More Than Five Percent on Behalf of Another Person.
Not Applicable.
Item 7. Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on by the Parent Holding Company.
Bear, Stearns & Co. Inc. is a broker or dealer registered under
Section 15 of the Act (15 U.S.C.78o), and is a subsidiary of The Bear
Stearns Companies Inc.
Item 8. Identification and Classification of Members of the Group.
Not Applicable
Item 9. Notice of Dissolution of Group.
Not Applicable
Item 10. Certification.
(a) By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired and are held
in the ordinary course of business and were not acquired and not held
for the purpose of or with the effect of changing or influencing the
control of the Issuer of the securities and were not acquired and are
not held in connection with or as a participant in any transaction
having such purpose or effect.
5
CUSIP NO. 12561W105 13G PAGE 6 OF 6 PAGES
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Date: March 4, 2004
THE BEAR STEARNS COMPANIES INC.
By: /s/ Kenneth L. Edlow
-----------------------------------
Name: Kenneth L. Edlow
Title: Secretary
BEAR, STEARNS & CO. INC.
By: /s/ Kenneth L. Edlow
-----------------------------------
Name: Kenneth L. Edlow
Title: Secretary
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